Scottish government discount rate

10 Jan 2018 The discount rate in the draft law is based on a full compensation model (i.e. in Scotland this will be undertaken by the Government Actuary. 14 Jul 2019 A statutory instrument will be laid in parliament to change the rate application to PI lump compensation payments to -0.25%. The new rate will 

21 Mar 2019 The Scottish Parliament has approved The Damages (Investment Returns and Periodical Payments) (Scotland) Bill this month. 2 Oct 2019 that the personal injury discount rate is to remain unchanged has dashed As we made clear in our response to the Scottish government's  The Scottish Government passed an order yesterday – The Damages (Personal Injury) (Scotland) Order 2017 which makes the Discount Rate in Scotland minus   4 Mar 2020 Non-domestic rates in Scotland, including calculating your rates bill, how find a timeline of future changes to non-domestic rates on gov.scot. 9 Mar 2020 Info on non-domestic rates reliefs available in Scotland. You can find a timeline of future changes to non-domestic rates on gov.scot. damagesdiscountrate@justice.gsi.gov.uk counterparts in Scotland and Northern Ireland in independently setting the discount rate for personal injury damages 

30 Sep 2019 On 19 March 2019, the Scottish Government Minister for Community Safety, speaking in the Chamber of the Scottish Parliament, had said “I 

We and the Scottish Parliament are responsible for the legislation that defines Council Tax. Although each council is responsible for setting their Council Tax rate, we have agreed with local government for increases to be capped at 3% in the financial years 2017 to 2018 and 2018 to 2019. The Scottish Government has announced that the Damages (Investments Returns and Periodical Payments) (Scotland) Act 2019 will come into force on 1 July 2019. The Government Actuary's Department (GAD) will therefore start assessing a new Scottish Discount Rate on 1 July. It will now be the job of the UK Government Actuary's Department (GAD) to recommend a new Scottish Discount Rate for Scotland. The GAD must report to Scottish Ministers with its recommendations for the new rate by 28 September 2019. The Scottish Government has given an early indication that, on current evidence, it expects a discount rate of 0.0% to be set in Scotland having taken account of two adjustments which it proposes to make to a notional portfolio of investments. The MoJ previously indicated that it expected the rate for England & Wales to be between 0% and 1%.

The Scottish Government has announced that the Damages (Investments Returns and Periodical Payments) (Scotland) Act 2019 will come into force on 1 July 2019. The Government Actuary's Department (GAD) will therefore start assessing a new Scottish Discount Rate on 1 July.

The Scottish Government passed an order yesterday – The Damages (Personal Injury) (Scotland) Order 2017 which makes the Discount Rate in Scotland minus   4 Mar 2020 Non-domestic rates in Scotland, including calculating your rates bill, how find a timeline of future changes to non-domestic rates on gov.scot. 9 Mar 2020 Info on non-domestic rates reliefs available in Scotland. You can find a timeline of future changes to non-domestic rates on gov.scot. damagesdiscountrate@justice.gsi.gov.uk counterparts in Scotland and Northern Ireland in independently setting the discount rate for personal injury damages  Council Tax is a local taxation system used in England, Scotland and Wales. It is a tax on in accordance with central government priorities. Subsequently, by 2013, the Scottish Government froze council tax rates for the fourth time. There are two principal factors which contribute to the rates bill received by every rates poundage (or non- domestic rate) fixed by the Scottish Government.

1 Oct 2019 The Government Actuary has outlined that the personal injury discount rate in Scotland should remain unchanged at -0.75%. The decision 

3 Oct 2019 Government Actuary, Martin Clarke, has announced that the discount rate in Scotland is to remain at its current level of -0.75%. Now that there  30 Sep 2019 The Scottish Government Actuary has decided that the discount rate in Scotland should remain unchanged at -0.75%. This follows a review of 

Following a review of the rate by the Lord Chancellor, Scottish Ministers lowered the rate from 2.5% to -0.75% in March 2017, reflecting the same changes in England and Wales.

3 Oct 2019 Government Actuary, Martin Clarke, has announced that the discount rate in Scotland is to remain at its current level of -0.75%. Now that there  30 Sep 2019 The Scottish Government Actuary has decided that the discount rate in Scotland should remain unchanged at -0.75%. This follows a review of  1 Oct 2019 The Government Actuary has outlined that the personal injury discount rate in Scotland should remain unchanged at -0.75%. The decision 

The Scottish Government has announced that the Damages (Investments Returns and Periodical Payments) (Scotland) Act 2019 will come into force on 1 July 2019. The Government Actuary's Department (GAD) will therefore start assessing a new Scottish Discount Rate on 1 July. It will now be the job of the UK Government Actuary's Department (GAD) to recommend a new Scottish Discount Rate for Scotland. The GAD must report to Scottish Ministers with its recommendations for the new rate by 28 September 2019. The Scottish Government has given an early indication that, on current evidence, it expects a discount rate of 0.0% to be set in Scotland having taken account of two adjustments which it proposes to make to a notional portfolio of investments. The MoJ previously indicated that it expected the rate for England & Wales to be between 0% and 1%. The Scottish Government Actuary has decided that the discount rate in Scotland should remain unchanged at -0.75%. This follows a review of the rate which was completed on 27 September. In July, the discount rate for England and Wales was set at -0.25%, with insurers reacting with disappointment. The UK government's Actuary's Department published a report in September 2018, designed to assist the Scottish government in setting the discount rate. This predicted a discount rate of 0%. On this basis, the increase in the deduction for tax and investment advice produces a forecasted discount rate of minus 0.25%, which will continue to